global city competitiveness index economist

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���4��� �1�+� ��� endstream endobj 178 0 obj<> endobj 179 0 obj<> endobj 180 0 obj<>/Font<>/ProcSet[/PDF/Text]/Properties<>/ExtGState<>>> endobj 181 0 obj<> endobj 182 0 obj[/ICCBased 207 0 R] endobj 183 0 obj<>stream GFCI 28 provides evaluations of future competitiveness and rankings for 111 major financial centres around the world. The index was commissioned by the Hinrich Foundation, a non-profit organisation focused on promoting sustainable trade. Increasingly they determine the wealth of nations, which is why the World Economic Forum’s Global Agenda Council on Competitiveness has recently published a study on the competitiveness of cities. Five cities in the Asia and Australasia region have made the top 10 this year. 0000013386 00000 n Talent & Education 0000014491 00000 n The launch was done on 30 October, 2017, during the World Cities Day - Global Urban Competitiveness Forum which was convened at Baiyun International Conference Center in Guangzhou. Asia, then, finds itself in the unique position of helping lead and sustain the global economy’s commitment to free and fair trade. As the decade It is in this context that the need for sustainability in trade is ever more crucial. 0000016401 00000 n This will, in turn, create opportunities for LAC exporters to supply agricultural goods with a shorter shelf life or those that are currently too expensive to transport. 177 0 obj <> endobj xref 177 34 0000000016 00000 n The Hinrich Foundation Sustainable Trade Index was created for the purpose of stimulating meaningful discussion of the full range of considerations that policymakers, business executives, and civil society leaders must take into account when managing and advancing international trade. The index is an outcome of “Hot Spots” programme, an Economist Intelligence Unit research programme, commissioned by Citigroup. �l�Yn1�;|=�� ?����۬�И�p�B��e2K�g.��f�@`;GS���K~\*]Ra���׭�-�\�����I�@�/��uȷiJ�ˌ�i8$��)�"h��Nbɲ��3Oz�8��(�|����p�LCV��N�/�$M��1�H�!EO�!����ES���$?���;���*x�YA�W���%�m˦��>�h"��G�'^�ma�g�s�(�Kj.d��+y+/]u�u�R��Ɖ,��@G�͞y�BN�9˥!�s������{}�rN�,ț��?����� Source: City and Competitiveness Index Database, CASS. 0000033913 00000 n 0000020356 00000 n Occasionally, we would like to keep you informed about our newly-released content, events, our best subscription offers, and other new product offerings from The Economist Group. The World Economic Forum’s Global Competitiveness and Benchmarking Network is pleased to acknowledge and thank the following organizations as its valued Partner Institutes, without which the realization of The Global Competitiveness Report 2016–2017 would not have been feasible: The city-state ranks particularly well, India’s IT services industry has grown rapidly over the past decade, as its firms’ operational footprints have, Global technology firm Dell operates over 160 sites in 42 countries and is always looking at further expansion. The report is based on the third iteration of the index, which ranks 60 cities across 57 indicators covering digital security, health security, infrastructure security and personal security. 0000022665 00000 n The GFCI serves as a valuable reference for … Receive forward-looking perspectives from our editors - Subscribe now for our Weekly Digest. In addition to the central variables used to rank talent competitiveness at the country level, we include a specific measure that encompasses a city’s global … Sustainability A city’s overall ranking in the benchmark index … The Economist benchmarks house prices against each city’s median household income. Healthcare The IMD World Competitiveness Center’s Smart City Observatory, in partnership with Singapore University of Technology and Design (SUTD), are proud to present the first edition of the IMD Smart City Index 2019 (SCI), which ranks 102 cities worldwide. Already, global business is beginning to plan strategy from a city, rather than a country, perspective. 0000055950 00000 n The Economist’s global city competitiveness index: a ranking of cities’ competitiveness according to their ability to attract capital, business, talent, and investors. The Global Power City Index provides a ranking of the urban competitiveness of 35 world cities based on their international “magnetism.” This desirable-yet-elusive trait is defined as a city’s “comprehensive power to attract creative people and excellent companies from around the world amidst accelerated interurban competition.” While economic size and growth are important and necessary, Singapore ranks third overall in the index and is the highest-placed Asian city. The Global Talent Competitiveness Index (GTCI) is a firmly established global benchmark for issues related to talent competitiveness and the future of work. India City Competitiveness Index 2016 uses the Macroeconomic Competitiveness: The Diamond Model to determine the prosperity levels of Indian cities. 4 Urban population in Latin America Source: The Economist Intelligence Unit 87 83 84 74 69 68 55 45 93 91 89 87 ... Quantifying city competitiveness Source: Global City Competitiveness 2012; Hot spots 2025 2013; The Economist Intelligence Unit . Cities and Municipalities Competitive Index. The attractiveness of London goes beyond market capitalization. In addition to the central variables used to rank talent competitiveness at the country level, we include a specific measure that encompasses a city’s global aspect for the purpose of the GCTCI. The GCC-LAC agricultural trading relationship has thus far been dominated by the GCC’s reliance on food imports, specifically meat, sugar, and cereals. Size alone does not determine a city’s growth potential. Vienna retains its bragging rights as the world's most liveable city in this year’s Global Liveability Index. We consider both tariff and non-tariff barriers and assess key facets of the trading relationship including transport links, customs and certification, market information, and trade finance. They rank cities on a number of domains: They rank cities on a number of domains: Economic Strength (Nominal GDP, per capita GDP, % of households with economic consumption > $14,000/yr, real GDP growth rate, regional market integration) Share Tweet Post Email New York City … View the Country Table for all countries' overall and category scores in 2011. �u���I�� �2s�w�����—�v��f�T�{�ڮ*�A���fsrPBX{�����O���. Austria's capital, Vienna, has ranked the most liveable city among the 140 cities surveyed by The Economist Intelligence Unit for the second year in a row. The findings and views expressed in this report do not necessarily reflect the views of the sponsor. Is an annual ranking of Philippine cities and municipalities developed by the National Competitiveness Council through the Regional Competitiveness Committees (RCCs) with the assistance of the United States Agency for International Development. Energy Dhaka ranked 3rd from bottom among 120 cities. by the Global Agenda Council on Competitiveness. Competitiveness, however, is a holistic concept. First published in 2007, the IT Industry Competitiveness Index consists of 26 indicators grouped into six categories. 0000021431 00000 n �M��E���ݩd�&��ء�E��&�R`Y3G��rt��7`Y�'��PE��US��jA����ݸ�8�ך�He�iV�l�I�xqK��X)�R�LiÄR��L}�D���������'�ΕRW���ո�ԭDDz�� ��;Am'��D?�^=`E zd`���x[t��~x��~����f#�3u�+�ޫ������ok�!��1?�vd�v�Xm��6Z�o��%q��a�p�M^e�E��D �@�2B!+/6��V�4�݂3���7B-�L&�`����1�LZC�f��JH�,e?7Q-������Gq�Ț��P�K�_��Q����o�ӿ�ө��}Y�P[n�,�J��;�L��m`�3@Re��BX8�(Nt�ò�`&�ZE�������;0�,�� �d2J���B�$��L����ޔ��32c[�2�0)`�4#q@Z@;�(�y�J+?��4\5�q�i�V���?u8M4cKƞ:�T���7qNB��̟�c� �̤E0�[~aP$�c.��X�A ��f�w��nE�ե��7�'��א�bkl�ےh�~�S���$�5�� ���2�U��^a�/c�����U�}��>���d�zt.�`� ����w���O�2�����`/H\ܠ']���Z��%����ttNʾ(2.�ƞMg�/������2���|O���%2=�V:�������aQ�DR��E���2���|ur`sr��;Y6�;f��؇�J���U_�\y~G�苏;�@��m��m�ITvFfT������`��,�"�}����N�-6$�(=/�ޟ�0뢕pʒ�Џ��WR�o��g'����^�&�j���z�7[x���t�(}�d��&�->l�6m0��)X�������O/�o� Through a combination of smart contracts and data captured through devices, blockchain technology can help to reduce paperwork, processing times and human error in import and export processes. Providing more direct air links and driving efficiencies in shipping can reduce the time and cost of transporting food products. 0000019963 00000 n -- Please Select --YesNo. Copyright © The Economist Newspaper Limited 2021. Overall rankings and the Index methodology are summarised at the end of this chapter (see page 7 for a table of the final scores and the appendix for a full explanation of the methodology). For locals, none of this will be surprising, given the ��ş����Y=�լ�fu{��:F� N�i�v��{����~E�����:C}�g�� �?� �'sZ��_���,UI�{C�We�y4��j���� The Global City Competitiveness Index. Read more. Against this backdrop, the Economist Intelligence Unit defi nes a city’s competitiveness as its ability to attract capital, businesses, talent and visitors. Technology & Innovation The index’s key findings include: To measure how nations are addressing the issue of illicit trade, the Transnational Alliance to Combat Illicit Trade (TRACIT) has commissioned The Economist Intelligence Unit to produce the Global Illicit Trade Environment Index, which evaluates 84 economies around the world on their structural capability to protect against illicit trade. In 2012, Council Members identified the leadership … 0000003495 00000 n The Economist intelligence Unit Economic and geopolitical insight guiding the world’s organisations We work with our clients to help them navigate the increasingly complex global environment, to analyse political and economic developments, forecast economic trends, and understand country specific regulations and business practices. Salutation* The Economist Intelligence Unit (EIU) publishes an annual Global Liveability Ranking, which ranks 140 cities for their urban quality of life based on assessments of stability, healthcare, culture and environment, education and infrastructure. 0000001952 00000 n 0000025467 00000 n 0000015463 00000 n There is a wider range of products that the LAC countries can offer the GCC beyond meat, sugar and cereals. Singapore ranks third overall in the index and is the highest-placed Asian city. Source: Safe Cities Index 2015, The Economist Intelligence Unit . Market players on both sides of the aisle are keen to grow the relationship further, but there are hurdles to overcome. September 2015 0000012744 00000 n In addition to securing its position on the world stage, Toronto’s rankings confirm that it continues to offer a high quality of … To put the results of the index in context, the Economist Intelligence Unit interviewed experts around the world and reviewed existing research on the topic of city competitiveness for this briefing paper. More than ever, cities are the lifeblood of the global economy. First published in 2007, the IT Industry Competitiveness Index consists of 26 indicators grouped into six categories. Finally, it can help with food safety and quality management—monitoring humidity and temperature, for instance, along the supply chain can help to pinpoint batches that may be contaminated, minimising the need for a blanket ban on a product. The GCC can engage small and medium-sized producers that dominate the LAC agricultural sector by offering better trade financing options and connectivity. Hot spots is an Economist Intelligence Unit research programme, commissioned by Citigroup, which ranks the competitiveness of 120 of the world’s major cities. Addressing the theme of Global Talent in the Age of Artificial Intelligence, this seventh edition of GTCI explores how the development of Artificial Intelligence (AI) is changing the nature of work and forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems. The global index expands upon an Asia-specific version originally created by The Economist Intelligence Unit in 2016 to score 17 economies in Asia. You can view a wealth of information about the city, including the main policies, history, culture, tourism, metropolitan experience, medical welfare, transportation, etc., along with an overall introduction to the city such as Seoul-related videos, photos, and map. This, the second edition of the study, seeks to measure the capacity of 20 economies—19 in Asia along with the US—to participate in the international trading system in a manner that supports the long-term domestic and global goals of economic growth, environmental protection, and strengthened social capital. The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum. Mar 19, 2012 - The Economist Intelligence Unit, a sister company of The Economist, has devised a new index which ranks the competitiveness of the most prominent cities ECONOMIC PERFORMANCE AND COMPETITIVENESS OF LONDON AS A GLOBAL CITY IN COMPARISON WITH NEW YORK 3 Executive Summary London is one of the most important global cities in the world, being positioned between the Western and Eastern global markets. At the continental level, the local demand gap between cities in the northern and southern hemispheres is prominent. With this in mind, the Economist Intelligence Unit was commissioned by Citigroup to develop a “Global City Competitiveness Index” to rank cities according to their demonstrated ability to attract capital, businesses, talent and visitors. 0000023650 00000 n All rights reserved. The report builds on the inaugural EIU report “Hot Spots: Benchmarking Global City Competitiveness,” commissioned by Citi in 2012. 0000000976 00000 n Technology and finance are dominating global economy and occupying the main part of global value chain. Well over half of the world’s population now lives in cities, generating more than 80% of global GDP. Among the key findings of the research are as follows: Research Methodology �����4�]*���@_7��b�$��Y��s��(L��*��)�`/�f�+\�bq�%_���� ... out of 120 of the world’s major cities, according to a new Economist Intelligence Unit (EIU) research report. The EIU’s Global Liveability Index 2019 has crowned Vienna as the world’s most liveable city. May 23, 2012 by daramolabola; ... 60 percent of Africans will be city-dwellers, declared Marianne Mazou of The Economist Group. NEW YORK, NY – A new Economist Intelligence Unit (EIU) research report, commissioned by Citi, reveals that New York, London and Singapore rank first, second and third in competitiveness, out of 120 of the world's major cities. - Please Select -Dr.Mr.Mrs.Ms.Mx. The research drew on two main initiatives: A unique Index that compares 120 of the world’s major urban agglomerations across eight distinct categories of competitiveness and 31 individual indicators. New York City Tops Global Competitiveness, Economist Report Says Michelle Kaske, March 12, 2012, 12:16 PM EDT SHARE THIS ARTICLE. Industry* Infrastructure & Cities -- Please Select --Academia & EducationAdvertisingAgriculture, Forestry & FishingAssociations & CharitiesChemicals/MiningCommunicationsConstructionFinancial ServicesGovernment, NGO & Local AuthoritiesHealthcare, PharmaceuticalsInformation TechnologyManufacturingMediaOil & GasOtherProfessional ServicesRecreational Services & SportRetailStudent / UnemployedTrade UnionsTransportTravel, Tourism & HospitalityUtilities, Country* Another popular ranking is the Economist Intelligence Unit’s Global City Competitiveness Index. Ten years on from the global financial crisis, the prospects for a sustained economic recovery remain at risk due to a widespread failure on the part of leaders and policy-makers to put in place reforms necessary to underpin competitiveness and bring about much-needed increases in productivity, according to data from the World Economic Forum’s Global Competitiveness Report 2017 … F INANCIAL media focus most of their attention on stocks and bonds, but the world’s biggest asset class is actually residential property. Meanwhile, emerging market cities such as Ahmedabad and Tianjin are witnessing double-digit economic growth and have the potential to grow even faster. While some megacities, such as New York and Tokyo, are immensely influential, there are smaller ones, such as Hong Kong and Singapore, which have established themselves as globally competitive centres in recent years. Another popular ranking is the Economist Intelligence Unit’s Global City Competitiveness Index. 0000013234 00000 n It comprises of four pillars, which are then divided into 12 sub-pillars to map all the crucial dimensions of the city. The World Economic Forum has been studying competitiveness for over 30 years by focusing on the assessment of the productive potential of countries in The Global Competitiveness Report series. The Global Competitiveness Report 2000is ... John Chryssanthacopoulos, Economist, Relations with the State and the Institutional Authorities Antonis Tortopidis, Economist, ... a single index,the Report seeks to explain differences in Yet the enthusiasm in Asia for trade does not appear to have waned. The GFCI serves as a valuable reference for policy and investment decision-makers. ... second and third respectively in competitiveness, out of 120 of the world’s major cities, according to a new Economist ... effectiveness, financial maturity, global appeal, physical capital, social and cultural character and environment. Report Summary. The Safe Cities Index 2019 is a report from The Economist Intelligence Unit, sponsored by NEC Corporation. I wish to be contacted by email by the Economist Group* Strategy & Leadership �&2 New York City ranks first among 120 cities across the globe in attracting capital, businesses and tourists, according to an Economist Intelligence Unit report commissioned by … These cities are becoming more efficient and have high degrees of industry agglomeration and specialization. 2020 Global Talent Competitiveness Index … The Global Power City Index YEARBOOK 2020 is a full report of the GPCI-2020, providing a detailed account of its methodology and results. Five cities in the Asia and Australasia region have made the top 10 this year. The Global City Competitiveness Index. The Global City Competitiveness Index. Marketing Executive Summary The 2019 edition of The Global Competitiveness Report series, first launched in 1979, features the Global Competitiveness Index 4.0 (GCI 4.0). the global city function system, and enable it to play a better role in global economy. Exporters in LAC suggest that local governments and private companies in the GCC can offer distribution services with immediate payments to smaller suppliers at a discount. -- Please Select --. They rank cities on a number of domains: Economic Strength (Nominal GDP, per capita GDP, % of households with economic consumption > $14,000/yr, real GDP growth rate, regional market integration) Featuring the new Global Competitiveness Index 4.0, the Report assesses the competitiveness landscape of 140 economies, providing unique insight into the drivers of economic growth in the era of the Fourth Industrial Revolution. All, I wish to be contacted by email by the Economist Group* View the Country Table for all countries' overall and category scores in 2011. The Global Competitiveness Index is released by the World Economic Forum (WEF). These factors not only help a city sustain a high economic growth rate, but also create a stable and harmonious business and social environment. The report is based on the third iteration of the index, which ranks 60 cities across 57 indicators covering digital security, health security, infrastructure security and personal security. %PDF-1.4 %���� Addressing the theme of Global Talent in the Age of Artificial Intelligence, this seventh edition of GTCI explores how the development of Artificial Intelligence (AI) is changing the nature of work and forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems. Co-Author of the world 's most liveable city offering better trade financing options connectivity... Index 2015, the Global financial centres Index ( gfci 28 provides evaluations of future Competitiveness and rankings 111. Most livable and competitive cities in the Asia and Australasia region have made the top 10 this year ’ rankings! Detailed account of its methodology and results prices against each city ’ s median household.! 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